Getting AI right: How automation can help manage your business finances
Business Matters Magazine
by Steve Paul
6h ago
There’s no doubt that AI adoption is here and possibly  more widespread than you would have thought. Research from Equals Money of UK financial decision makers found that over three quarters (77%) are already actively adopting or experimenting with AI in their processes. So, what role can AI play in your business finances? A core value of AI lies in its capacity to free up time by optimising rudimentary tasks. A lot of what the finance function does, such as reconciliation for example, is repeatable and ripe for automation. Equals Money’s research found that on average UK employees spend ..read more
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Uber Drivers Offered Significant Discounts on Kia Electric Cars
Business Matters Magazine
by Business Matters
7h ago
Londoners accustomed to seeing their Uber drivers in Toyota Priuses may soon find them driving electric Kias instead as Uber is set to offer more than 35,000 of its London drivers up to £22,000 in grants and discounts to transition from hybrids, diesel, and petrol cars to fully electric vehicles. The app-based taxi service aims to make its entire fleet of 50,000 vehicles in the capital zero-emission by the end of 2025. Currently, only a quarter of Uber’s London fleet runs on fully electric power. To achieve this ambitious goal, Uber will launch an initiative this week, offering £5,000 grants ..read more
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UK Businesses Eye Billions in Saudi Deals at Great Futures Event
Business Matters Magazine
by Business Matters
7h ago
In the largest trade delegation from the UK in a decade, Oliver Dowden, the Deputy Prime Minister, led a significant British presence at the Great Futures event in Riyadh, Saudi Arabia. This high-profile event kicked off with a unique performance of “Scotland the Brave” by the Royal Regiment of Scotland, combined with a local flute and drum group, setting a distinctive tone for the conference. Dowden opened his address with a light-hearted reference to the excitement surrounding Tyson Fury’s boxing match in Riyadh, drawing a parallel to the high stakes of the business deals on the table. “Wel ..read more
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Lilac Review Uncovers Barriers Faced by Disabled Entrepreneurs, Proposes Solutions to Unlock £230bn in Business Turnover
Business Matters Magazine
by Business Matters
7h ago
An independent review, the Lilac review, has highlighted significant challenges faced by disabled entrepreneurs in the UK, identifying inaccessible support services, poor access to finance, and the “burden of proof of disability” as key issues that need addressing. The provisional findings from this government-backed review, launched in February and jointly chaired by Kevin Hollinrake (Minister for Small Business), Mims Davies (Minister for Disabled People), and Victoria Jenkins (founder and CEO of Unhidden), pointed out common struggles that hinder disabled individuals from accessing entrepr ..read more
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Average British House Price Reaches Record High of £375,000
Business Matters Magazine
by Business Matters
8h ago
The average British house price soared to a record high of £375,131 in May, as reported by Rightmove. This represents a 0.8% month-on-month increase, or £2,807, in the prices of properties coming to market. Rightmove attributes this rise to pent-up demand from would-be buyers who had paused their plans last year. This increased activity among home movers persists despite mortgage rates remaining elevated longer than expected. The number of sales agreed in the first four months of the year was 17% higher compared to the same period last year. May has traditionally been a strong month for price ..read more
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Pre-Built Gaming PCs vs. Building Your Own: Pros and Cons
Business Matters Magazine
by Business Matters
8h ago
When it comes to diving into the world of gaming, one of the most critical decisions any gamer faces is whether to opt for a pre built AMD gaming PC or embark on the journey of constructing their own rig from the ground up. Both choices have their merits and drawbacks, appealing to different segments of gamers based on their preferences, budgets, and technical acumen. In this detailed exploration, we’ll thoroughly examine the advantages and disadvantages of both pre-built gaming PCs and building your own system, providing you with a comprehensive understanding to guide your decision-making pr ..read more
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UK Business Flight Demand Drops by Nearly a Third Since 2019
Business Matters Magazine
by Business Matters
9h ago
Demand for business travel to and from the UK has declined by almost a third since before the pandemic, influenced by the rise in home working and growing environmental scrutiny of large corporations. An analysis by the New Economics Foundation (NEF) revealed that flights for business purposes decreased by 29 per cent in 2023 compared to 2019. This study, which utilised data from the Office for National Statistics (ONS), indicated that approximately 3.9 million fewer business trips were made during this period, as major companies significantly cut back on air travel expenses. Businesses spent ..read more
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The Angel 2400: An Innovative Leap in Vaping
Business Matters Magazine
by Business Matters
9h ago
In the world of vaping, innovation is key. Enter the Angel 2400 Rechargeable Pod Vape. This device is a game-changer, offering a unique blend of style, performance, and convenience. It’s not just a vape pod; it’s a testament to the evolution of vaping technology. The Angel 2400 stands out with its high-capacity battery, adjustable airflow, and impressive e-liquid capacity. It’s designed to cater to both beginners and seasoned vapers, offering a customizable and satisfying vaping experience. In this article, we’ll delve into the features and benefits of the Angel 2400 Product. We’ll also compa ..read more
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Commercial Property Values Poised for Growth as Office Return Accelerates
Business Matters Magazine
by Business Matters
3d ago
The commercial property market may be approaching its nadir as more workers return to the office, according to Land Securities, one of the UK’s largest landlords. Mark Allan, CEO of Land Securities, which owns a portfolio worth billions, stated that the values of high-quality properties have “largely bottomed out and will start to grow in the foreseeable future as rents rise.” He noted that the reset of values over the past two years, driven by rising interest rates, has stabilised, with evidence of continued rental growth attracting increased investor interest in the best assets. Allan’s com ..read more
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Company Insolvencies Surge by Nearly 20% in April
Business Matters Magazine
by Business Matters
3d ago
Challenging economic conditions have led to an 18 per cent surge in company insolvencies during April, as rising debt levels, higher interest rates, and spending cuts took their toll. According to data from Companies House, company insolvencies rose to 2,177 in April, up from 1,838 in March. Over the 12 months leading to the end of April, the insolvency rate increased to 57 per 10,000 companies, compared to 52.6 per 10,000 in the previous year. The current level of insolvencies remains significantly higher than during the pandemic and the 2014-2019 period. However, it is still below the peak ..read more
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